Broadridge processes $8 trillion in July through blockchain repo platform

Broadridge Financial Solutions processed $8 trillion in repo transactions through its Distributed Ledger Repo platform during July, with average daily volume reaching $365 billion. Average daily activity rose 28% from a year earlier, Broadridge said in an Aug. 10 announcement.

The New York-listed fintech operates DLR as infrastructure that lets financial firms settle repurchase agreements through distributed ledger technology without replacing their existing trading and post-trade systems. Repo transactions are short-term loans secured by securities; within DLR, collateral can be tokenized and moved between counterparties while financing is processed on the ledger.

Monthly volumes have climbed from $7.3 trillion in January to $8 trillion in July, with average daily volumes hovering near $360 billion each month. Broadridge said the platform supports real-time financing and collateral movement, allowing firms to manage liquidity and capital while retaining established market workflows.

Horacio Barakat, Broadridge's global head of digital innovation, said tokenization is becoming part of the way institutions manage liquidity and collateral.

“DLR continues to demonstrate that distributed ledger infrastructure can support the scale, reliability and interoperability required for core financing activity,” Barakat said.

The company has been developing intraday uses for the platform. Research conducted with Finadium found that using intraday DLR for 15% of activity could cut intraday liquidity buffer requirements by 8% to 17%, Broadridge said in March. Its technology connects blockchain-based transactions with existing financial infrastructure rather than requiring a separate digital asset system.

Broadridge has expanded its distributed ledger infrastructure into tokenized securities, shareholder voting and digital asset post-trade services. In June, Ondo Finance partnered with Broadridge to provide governance tools to holders of more than 250 tokenized stocks and ETFs. Token holders can submit voting preferences linked to the underlying securities, and Broadridge aggregates those preferences with votes from traditional channels.

Galaxy Digital used Broadridge's onchain governance platform for its annual meeting in May, and Kraken parent Payward announced plans to give tokenized share holders access to corporate governance through the same technology. Broadridge is also building post-trade processing, wallets and custody infrastructure, alongside onchain proxy voting.

DLR's growth comes as financial market operators deploy blockchain systems for settlement and collateral processing. The Depository Trust and Clearing Corporation began limited production activity for its tokenization service in July with more than 50 financial firms involved. The program includes BlackRock and JPMorgan and covers Russell 1000 equities and U.S. Treasuries. DTCC has targeted a wider rollout for October after starting limited production transactions in July.

Several European institutions have also built blockchain-based securities settlement infrastructure. In May, Boerse Stuttgart added Societe Generale, its digital asset unit SG-FORGE and online broker flatexDEGIRO to its Seturion settlement network. Seturion settles tokenized securities across public and private blockchains and supports settlement using onchain money and central bank money. SG-FORGE said it would provide its euro and dollar CoinVertible stablecoins for settlement.

Institutional repo has also been tested on other distributed ledger networks. Earlier in 2026, DTCC, Euroclear, Tradeweb, Citadel Securities and Societe Generale completed a cross-border intraday repo transaction involving tokenized UK government bonds on Canton Network. Broadridge itself is among the companies involved with Canton, a privacy-focused blockchain designed for institutional capital markets.